Madina Abdikadyr, the Project Manager of National Company Kazakh Invest, on April 12 met with Ahmad Kilani, the Chairman of the Board of Directors of the Egyptian company EIPICO, to discuss the company’s plans to build a full-cycle biopharmaceutical plant on the territory of Saran industrial zone in Kazakhstan’s Karaganda region. The planned investment volume will
The Eurasian Development Bank (EDB) has released its latest Macroeconomic Review for the Bank’s six member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. According to EDB analysts, despite the challenging foreign economic environment, the region where the Bank operates continues to display robust growth. In early 2024, short-term economic activity indicators demonstrated sustained
Kyrgyzstan is sending the second batch of humanitarian aid to neighboring Kazakhstan suffering from unprecedented spring floods, 24.kg news agency reported with reference to the Ministry of Emergency Situations of Kyrgyzstan. The new humanitarian cargo consists of Kyrgyzstan-made dairy products — 10 thousand liters of kefir, 14.2 thousand packs of sour cream, 10 thousand liters
A Kazakh-Finnish roundtable was held in Astana on April 11 with the participation of the Vice Minister of Ecology and Natural Resources of Kazakhstan, Mansur Oshurbayev, and the Minister of International Cooperation and Foreign Trade of Finland, Ville Tavio. The event, organized by the Ministry of Ecology and Natural Resources of Kazakhstan and national company Kazakh Invest,
On April 11, Prime Minister of Kazakhstan Olzhas Bektenov held a meeting of the national headquarters for the response to unprecedented spring floods in the country’s northern regions, with the main focus on the northwestern regions, where a second wave of floods is expected. Large volumes of water caused by the rapid spring snowmelt are
Kazakhstan’s growth is projected to moderate in 2024 amid a slowdown in industry due to stagnant oil production before recovering in 2025 with gains in mining and investment, according to a new Asian Development Bank (ADB) report. The Asian Development Outlook (ADO) April 2024, ADB’s flagship economic publication published on April 11, projects Kazakhstan’s gross domestic product
Asel Suankulova, Deputy Director of the Department for Attracting Investments and Marketing of JSC National Company KAZAKH INVEST, held a meeting with representatives of the Spanish company Roca. The parties discussed the strategic possibility of opening a logistics center and a brand gallery, Roca Gallery, in Kazakhstan and further launching production in the country. This strategic
Another lawmaker in Russia has made remarks concerning Kazakhstan, which might create tension between the two countries, Orda.kz reports. In a comment to the Russian National News Service, Mikhail Delyagin, deputy chairman of the State Duma Committee on Economic Policy, said that long delays in processing money transfers from Russia to Kazakhstan are “sabotage by
The Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin on April 8 held a meeting with the Secretary of Railways of the Islamic Republic of Pakistan Syed Ali Shah. During the negotiations, the Pakistani side outlined the ongoing efforts to attract foreign investors for rehabilitation and expansion of the country’s railway networks. Syed Ali Shah expressed
On April 8, a caravan of 15 trucks with 300 tons of humanitarian aid from Kyrgyzstan arrived in the city of Aktobe in Kazakhstan, where the convoy has been divided between four regions of Kazakhstan hit by unprecedented spring floods, the Kyrgyz Ministry of Emergency Situations reported. Three trucks with humanitarian cargo headed to the
The Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin held a meeting last week with the Secretary of the Ministry of Communications of the Islamic Republic of Pakistan Ali Sher Mehsud. During the meeting, the parties discussed the prospects for cooperation in the transport and logistics sector taking into account the North-South corridor being established, for
The Embassy of Kazakhstan in Egypt and KAZAKH INVEST National Company on April 4 in Cairo held a round table with major Egyptian companies that are part of the Business Council for International Cooperation. During the event, participants discussed investment, trade and economic opportunities between Kazakhstan and Egypt, the Kazakh Foreign Ministry reported. Kairat Lama
With its ancient architectural monuments and beautiful natural landscapes, Central Asia is a magnet for travelers from around the world. The British publishing house Silk Road Media, through its publications such as Open Central Asia Magazine and travel guides to the countries of the region, has been promoting Central Asia as an attractive tourism destination,
The Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Akylbek Japarov on April 4 announced that Kyrgyzstan will provide humanitarian aid to neighboring Kazakhstan in response to unprecedented floods caused by abrupt warm weather that led to a mass snowmelt. Kazakhstan’s Ministry of Emergency Situations has reported that almost 19 thousand people have been evacuated
Yerzhan Yelekeyev, Chairman of the Management Board of JSC National Company Kazakh Invest, and Sultangali Kinzhakulov, Deputy Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, on April 3 met with the leadership of the Chinese company Zhejiang Sunny Group Co., Ltd. to discuss the possibility of building a plant for the
Kazakhstan intends to sign an agreement with Kyrgyzstan on deepening and expanding allied relations. The draft decree of the President of Kazakhstan Kassym-Jomart Tokayev “On the signing of an agreement on deepening and expanding allied relations between the Republic of Kazakhstan and the Kyrgyz Republic” was published on the Open Regulatory Legal Acts portal. The
National experts from the Government of Kazakhstan convened at the Law Enforcement Academy under the Prosecutor General’s Office near Astana on 27 and 28 March for an interactive national workshop on the protection of vulnerable targets from terrorist attacks. The event marked the second activity under the OSCE’s new initiative – Project PROTECT, which is aimed
Kazakhstan’s Deputy Emergency Minister Bauyrzhan Syzdyqov said on April 2 that more than 15,700 people, including almost 6,200 children, have been evacuated across the nation amid unprecedented floods caused by abrupt warm weather that led to a mass snowmelt, RFE/RL’s Kazakh Service reported. Syzdyqov said the situation remains “complicated” in several regions, where flood waters continue to
Dauren Rakhimzhanov, Managing Director of the Eurasian Development Bank’s (EDB) Directorate of Digital Initiatives, participated in the United Nations International Telecommunication Union’s (ITU) Regional Development Forum for CIS, organized in Astana late in March with support from Kazakhstan’s Ministry of Digital Development, Innovations and Aerospace Industry. During the forum, the EDB Fund for Digital Initiatives,
During his official visit to China, Deputy Prime Minister–Minister of Foreign Affairs of Kazakhstan Murat Nurtleu on March 30 held meetings with the leadership of major Chinese companies, and discussed plans for the implementation of joint investment projects in Kazakhstan, the Kazakh Foreign Ministry reported. Chinese businessmen were acquainted with the economic reforms being implemented
